"Chrysler will hire 1,250 new workers and spend $374 million to upgrade transmission plants in central Indiana — the only place in North America where the automaker makes transmissions," the Detroit Free Press reports from Kokomo.
General Motors Co. said today that its Chief Executive Dan Akerson will not take a pay raise this year.
Documents filed with the House Committee On Oversight and Government Reform showed that GM was asking the U.S. government to OK a $2.1 million raise for Akerson. The government still owns part of GM and when the automaker took a $49.5 billion bailout, it agreed to have executive pay approved by government.
One of the long-standing knocks against electric cars is that it can be hard for the machines to hold a charge in cold weather. That's exactly what New York Times reporter John Broder says he found when he took a Tesla Model S on a road trip from Washington, D.C., to Connecticut.